Laserfiche WebLink
ORDINAH <br /> <br />Alt ORDINANCE TO PROVIDE AND ESTABLISH RIFLES AND <br />REGULATIONS FOR '1~ ADMINISTRATION AND ENFORCE- <br />MENT OF THE PROVISI~S OF THE CITY OF PORT~OUTH, <br />V. IRGINIA, RETAIL SALES AND USE TAX ORDIIiANCE AND <br />THE 'COLLECTION OF RElq~UES THEREUNDER. <br /> <br />BE IT ORDAINED By the Council of the City of Portsmouth: <br /> <br /> Section 1: - That the following rules and regulations be and <br />the same hereby are adopted for the administration and enforcement of <br />the provisions of an ordinance known as "The City of Port'smouth, <br />Virginia, Retail ~ales and Use Tax Ordinance" and the collection of <br />reven~es thereunder: <br /> <br />RULES AND REGULATIONS <br /> <br /> Whenever used in these rules and regulations the following <br />words and phrases shall have the following meanings: <br /> <br /> (a) "Ordinance" shall mean "The City of Portsmouth, Virginia, <br />Retail Sales and Use Tax Ordinance". <br /> <br /> (b) "Commissioner". shall mean the Commissioner of the Revenue <br />of the City of Portsmouth, or his duly authorized assistants. <br /> <br /> (c) "City Treasurer" ~hall mean the Treasurer of the City of <br />Portsmouth, or his duly authorized assistants. <br /> <br />~ (d) "City" shall mean the City of PortSmouth, Virginia. <br /> <br />RULE 1: Auctioneers -Agents- Factors <br /> <br /> Every factor, auctioneer or agent acting for an ut~known or <br />undisclosed principal entrusted with any hill of lading, customhouse <br />permit or warehouse receipt for delivery of tangible personal property~ <br />or entrusted with possession of any such personal property for the purpose <br />of sale, shall be deemed the owner thereof, and upon the sale at retailf <br />as defined in the Ordinance, of such property shall be required to file <br />a return of the receipts of sale and pay a tax thereon. A sale by such <br />factor, auctioneer or agent, when acting for a known or disclosed principal <br />shall be taxable to the principal. The same rule applies to lien holders, <br />such as storage men, pawnbrokers and artisans. <br /> <br />RULE 2: Aut~obiles and Oth%r Articles Taken in Trade or "Trade-ins" <br /> <br /> Where used autom~hiles, refrigerators, radios, or like used <br />articles, are taken in trade as a credit or part payment on the sale of <br />new and used a~ticles, the tax levied by the Ordinance shall be computed <br />and paid on the net difference of the new or used article sold, less the <br />credit for the used article accepted in trade~ <br /> <br /> <br />